Increase Expand Percent & Expand Duration for All Vaults and Withdrawal Limits for ETH<>WBTC, wstETH<>WBTC, weETH<>WBTC Vaults
Summary
This proposal helps to increase the expand percentage and expand duration for all types of vaults(T1, T2, T3, T4) while increasing the withdrawal limits for the ETH-WBTC, wstETH-WBTC, weETH-WBTC T1 vaults.
Code Changes
Update Expansion Config for T1, T2, T3, T4 Vaults
-
TYPE_1 Vault
- Supply Configuration:
- Supply Expand Percent:
50% - Supply Expand Duration:
6 hours
- Supply Expand Percent:
- Borrow Configuration:
- Borrow Expand Percent:
50% - Borrow Expand Duration:
6 hours
- Borrow Expand Percent:
- Supply Configuration:
-
TYPE_2 Vault
- Supply Configuration:
- Supply Expand Percent:
35% - Supply Expand Duration:
6 hours
- Supply Expand Percent:
- Borrow Configuration:
- Borrow Expand Percent:
30% - Borrow Expand Duration:
6 hours
- Borrow Expand Percent:
- Supply Configuration:
-
TYPE_3 Vault
- Supply Configuration:
- Supply Expand Percent:
35% - Supply Expand Duration:
6 hours
- Supply Expand Percent:
- Borrow Configuration:
- Borrow Expand Percent:
30% - Borrow Expand Duration:
6 hours
- Borrow Expand Percent:
- Supply Configuration:
-
TYPE_4 Vault
- Supply Configuration:
- Supply Expand Percent:
35% - Supply Expand Duration:
6 hours
- Supply Expand Percent:
- Borrow Configuration:
- Borrow Expand Percent:
30% - Borrow Expand Duration:
6 hours
- Borrow Expand Percent:
- Supply Configuration:
Update Withdrawal Limits for ETH<>WBTC, wstETH<>WBTC, weETH<>WBTC Vaults
-
Vault ID 24
ETH<>WBTC:- Vault Type: TYPE 1
- Supply Configuration:
- Supply Mode: 1
- Supply Expand Percent: 50%
- Supply Expand Duration: 6 hours
- Base Withdrawal Limit in USD: $7.5M
-
Vault ID 25
wstETH<>WBTC:- Vault Type: TYPE 1
- Supply Configuration:
- Supply Mode: 1
- Supply Expand Percent: 50%
- Supply Expand Duration: 6 hours
- Base Withdrawal Limit in USD: $7.5M
-
Vault ID 26
weETH<>WBTC:- Vault Type: TYPE 1
- Supply Configuration:
- Supply Mode: 1
- Supply Expand Percent: 50%
- Supply Expand Duration: 6 hours
- Base Withdrawal Limit in USD: $7.5M
Description
This governance proposal readjusts the expansion percentage and expansion duration for
-
T1 vaults
- Supply config:
50%expansion in6 hours - Borrow config
50%expansion in6 hours
- Supply config:
-
T2 vaults
- Supply config:
35%expansion in6 hours - Borrow config
30%expansion in6 hours
- Supply config:
-
T3 vaults
- Supply config:
35%expansion in6 hours - Borrow config
30%expansion in6 hours
- Supply config:
-
T4 vaults
- Supply config:
35%expansion in6 hours - Borrow config
30%expansion in6 hours
- Supply config:
These updates accommodate the movement of the automated ceilings to facilitate swift movement of higher amount of assets for users and also helps with liquidations effectively while keeping the protocol safe from bad debt or related risks. The proposal also increases the Withdrawal Limits for ETH<>WBTC, wstETH<>WBTC, weETH<>WBTC T1 Vaults to $7.5M with the updated expansion percentage and duration.
Conclusion
The expansion percentage and expansion duration updates on the T1, T2, T3, and T4 vaults help for readjustment of the borrowing & withdrawal limits in an efficient manner in order to allow faster borrowings & withdrawals which will overall benefit the protocol as well as its users with quick and responsive movement of a larger amount of assets. Finally, the increase in withdrawal limits for ETH<>WBTC, wstETH<>WBTC, weETH<>WBTC vaults helps to provide appropriate withdrawal room for the users of these vaults.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xAa72...c44931 | 1.191M | FOR |
 0x1a99...43fe8F | 1M | FOR |
 0xA45f...8cea01 | 1M | FOR |
 0xe9cC...31aA9F | 500,000 | FOR |
 0xd99a...e5fFd1 | 420,318 | FOR |
VOTE POWER
Proposal Status
- Tue February 04 2025, 10:49 pmVoting Period Starts
- Thu February 06 2025, 11:03 pmEnd Voting Period
- Fri February 07 2025, 01:43 amQueue Proposal
- Sat February 08 2025, 08:56 amExecute Proposal
Current Results
1-FOR
4.114M
2-AGAINST
N/A Tokens
3-ABSTAIN
N/A Tokens